Obama Raises $68M at End of 2011

    US President Barack Obama departs after addressing a campaign event at the University of Illinois at Chicago in Chicago, Illinois, on January 11, 2012. Obama sought to strike an implicit contrast with his most likely general election foe Mitt Romney, imploring big businesses to bring home US jobs outsourced overseas. White House officials insist that Obama has not yet started to focus on his bid for a second term in November, but is instead concentrating every day on his job, which he sees as reviving the economy and cutting unemployment. AFP Photo/Jewel Samad (Photo credit should read JEWEL SAMAD/AFP/Getty Images)

    Jewel Samad, AFP / Getty Images

    President Obama's approval rating might be faltering, but he can still raise a lot of money. Obama's campaign took in more than $68 million in the last three months of 2011, both for his own re-election and for the Democratic Party. Campaign officials had hoped to raise at least $60 million during the quarter. In total, Obama and the DNC raised more than $220 million in 2011. Meanwhile, Massachusetts Democratic Senate candidate Elizabeth Warren showed own her fundraising chops in the last quarter, raising $5.7 million, far more than her opponent Sen. Scott Brown's $3.2 million.

    Read it at Associated Press